BABYLON SUPERMARKET LIMITED
|
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07560452
BABYLON SUPERMARKET LIMITED
For the year ended 31 March 2016
1
Accountant's Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
BABYLON SUPERMARKET LIMITED
Accountant's Report
For the year ended 31 March 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
31
March
2016
and you consider that the company is exempt from an audit under the Companies Act
2006
.
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In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
INTUITIVE ACCOUNTING LTD
UNIT F7, THE BLOC
38 SPRINGFIELD WAY
ANLABY
EAST YORKSHIRE
HU10 6RJ
1 of 4
Abbreviated Balance Sheet
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BABYLON SUPERMARKET LIMITED
2016
2015
2
6,000
6,400
3
20,344
18,135
26,344
24,535
28,500
28,500
19,457
17,562
3,732
6,418
49,794
54,375
Creditors
:
amounts falling due within one year
|
(27,108)
(22,433)
27,267
27,361
Net current assets
Total assets less current liabilities
|
53,705
51,802
53,705
Net assets
51,802
1
4
1
53,704
51,801
53,705
51,802
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 31 March 2016
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Signed on behalf of the board of directors
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2 of 4
Notes to the Abbreviated Financial Statements
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BABYLON SUPERMARKET LIMITED
For the year ended 31 March 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
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Acquired goodwill is stated at cost less amortisation
.
Amortisation is calculated on a straight line basis over the
|
estimated expected useful economic life of the goodwill of
20
years
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Motor Vehicles
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
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BABYLON SUPERMARKET LIMITED
For the year ended 31 March 2016
2
Intangible fixed assets
|
8,000
8,000
1,600
400
Charge for year
2,000
6,000
6,400
25,943
5,149
31,092
7,808
2,940
Charge for year
10,748
20,344
18,135
Allotted called up and fully paid
|
2016
2015
1
Ordinary share of £
1
.
00
each
|
1
1
1
1
4 of 4